Skip to main content

What's The Future Of Business By Brian Solis


Incredibly relevant.  Highly visual.  Timely.  Enlightening.  Instructive.  Scary.

These are all words I use to describe Brian Solis' new book, What's The Future (WTF) Of Business -- Changing The Way Businesses Create Experiences.

You can likely already imagine that I consider this a must-read book for any business owner and any leader -- even leaders who manage businesses that don't directly connect with consumers.

WTF is incredibly relevant and timely because Solis explores the non-stop transformation happening in business today, driven by new social and mobile technologies.

The book is highly visual because it's the quality of a coffee-table style book, packed with compelling graphics, bright colors and a design that makes for easy reading -- all delivered on top-notch paper.

And, it's enlightening and instructive, because the book delivers real-world examples that can guide you as you shape your business.

Plus, WTF is scary.  Scary because you'll likely feel overwhelmed by how quickly business is changing today.  Overwhelmed by what the future of business will likely bring. And, scary, because you'll likely feel behind in your business' ability to create the ultimate in experiences for your customers.
  • Solis will challenge you to rethink your business models, approach, and customer and employee relationships in order to create amazing, real-world experiences.
Solis recently answered three questions I had after reading the book.  Here are his answers:

Question:  When you consider all the Business-To-Consumer (B2C) companies in the U.S., what percentage of them are practicing what you are preaching -- creating experiences as you describe in your book?

Solis:  Most businesses are merely reacting to the rapid evolution of technology rather than trying to create engaged customer experiences throughout the life-cycle.

In a world where screens and real-life moments define the impressions and resulting actions of customers, businesses need to rethink their approach. Smartphones, laptops, tablets, smart watches, Google Glass et al., it's not slowing down. Technology and innovation is only accelerating.

  • This isn't a time to react. It's a time to lead!

While a majority of organizations are starting to embrace social, mobile, real-time to various extents, if you really stop to think about it, they are simply running to where they think customers are rather than taking the time to understand why they're in each channel, what they expect and how they (and you) define value. More importantly, there needs to be an integrated experience in these channels that align with the new customer journey that's taking shape and evolving every day.

The traditional funnel that exists today, or what I refer to in the new book as the Cluster Funnel, reflects how businesses are organized today. From awareness to interest to decision and action to advocacy and loyalty organizational structures hone in to optimize each step but are rarely unified in their approach or overall higher purpose. The truth is that decision-making is hardly simple and it's rarely linear.

In a connected society where the customer journey is not as simple or linear as a funnel but instead incredibly dynamic and continuous, an integrated means is required to lead and steer impressions, engagement, and ultimately experiences. Why? Because those experiences will be shared in the real world and online and they're going to influence those consumers who follow or find them in each journey.

  • If you're not defining the experiences you want them to have or share and then integrating that experience across the organization, you will forever react and be at the mercy of what experiences they actually have and in turn share with others . . . over and over.

Everything begins with defining the experiences you want people to have and share in each moment of truth and then studying what the experience actually is based on what people are sharing online.
  • Identify the gap.
  • Define the strategy.
  • Develop meaningful metrics.
  • Organize teams to then enliven and reinforce desired experiences through a united front.
The future of business lies in shared experience. This is why someone at the executive level must now be responsible for introducing experience design into everything a business does inside and outside the organization. It's part UX part CX and part anthropology and ethnography.

QuestionFor readers who lead Business-To-Business (B2B) companies, my sense is that some will think this book is not for them because they don't deal with the consumer or aren't in retail. What do you say to these leaders about why they, too, need to read this book?
 
Solis: This question surfaces a common myth in these important discussions. As a result, businesses are shrugging off important insights and missing critical opportunities to adapt and evolve. But as I say, the formula for Digital Darwinism, when technology and society evolve faster than your ability to adapt is . . .

  • Arrogance + Ignorance = Irrelevance

We live in a time when the line between B2B and B2C is eroding. And honestly, it's about time. What is B2B or B2C truly about any way? It's about people connecting with people (P2P).

All customers go on a journey. What changes are the touch points and also the points of influence. Business customers are still embarking on a dynamic journey. They are still seeking input and direction. They are still connecting with like-minded peers in authorities. The difference is that the cluster funnel is collapsing giving way to digital, mobile, and social moments of truth are missed by businesses because they believe technology is only used by people seeking consumer products. Come on! You know that's not true.
  • Some of the most engaged companies leading the way are focused on B2B.
In fact, working with innovative B2B companies is where I started much of my research and experimentation years ago. And, the best B2B companies are thinking about their customer's customer to help them create more engaging strategies that mimic the innovative and dynamic approaches they're taking to create and unite experiences. Think of this as a B2B2C approach.

Question:  I believe some readers will be scared by what you describe as the inevitable. Scared enough that they might not know what do to next or as a first step. What is your advice for these readers?

Solis:  Until digital, social, mobile unite under a common front driven by creating and delivering meaningful and shareable experiences, the customer will create and share what they see, feel, and think on their own. And until organizations tie experience and CRM and empower and align teams to the dynamic customer journey, businesses will continually miss important opportunities to engage and direct customers in every moment of truth.

Yes it's scary. Change isn't easy. But then again, if it were easy, then anyone could do this and you wouldn't be so special.

In the book, I borrow from Joseph Campbell's Hero's Journey to visualize how customers will travel along their journey, where they go, what they're seeking and how to move forward. But by the end of the book, I reintroduce the Hero's Journey to reveal to readers that they are in fact the hero and this is their journey. It's riddled with challenges also tremendous opportunities. In the book I share the challenges readers will face and also how to break through them. It's rich with visuals on what's changing, what change looks like, and also what to do next and over time.

  • We're all in this together.

Brian Solis is principal at Altimeter Group, a research firm focused on disruptive technology. A digital analyst, sociologist, and futurist, Solis has studied and influenced the effects of emerging technology on business, marketing, and culture. Solis is also globally recognized as one of the most prominent thought leaders and published authors in new media.

His previous book, The End of Business as Usual, explores the emergence of Generation-C, a new generation of customers and employees and how businesses must adapt to reach them.


 
Thanks to the book publisher for sending me an advance copy of the book.
 


Comments

Popular posts from this blog

How To Change Yourself To Change Your Company

The book,   Reinventing the Leader ,  is an inspiring account of the magic that can happen when a leader realizes they must undergo their own transformation in order to transform their organization.  This candid and practical book by  Guilherme  ( Gui) Loureiro , Regional CEO overseeing Walmex, Walmart Canada, and Walmart Chile (now Chairman of the Board for Walmex and Regional CEO for Canada, Chile, Central America, and Mexico), and his executive leadership coach  Carlos Marin  shows how even the most successful leaders must be open to personal change in order to transform their company. The book details how the pair pioneered a data-driven, customer-centric business transformation at Walmex—Walmart’s biggest division outside of the United States. “This book is a blueprint for transformational success for leaders in any business who find themselves facing the need to retool their own company’s systems and operations and energize and inspire an entire ...

The Algorithm: The Five-Step Framework That Drives Business Success

    From a former President of Tesla, Jon McNeill , comes The Algorithm —the first book written by any of Elon Musk’s direct reports—a transformative guide for leaders, entrepreneurs, and innovators who want to emulate the paradigm-shattering approach used to launch Tesla and SpaceX to success.  And that transformed Lululemon and General Motors. McNeill had already founded and sold six startups when Sheryl Sandberg introduced him to Elon Musk, who was looking for help at Tesla. McNeill was steeped in the lean principles that had made Toyota a global powerhouse—principles focused on achieving efficiency and optimization by incrementally improving existing systems and processes. What he learned at Tesla was an approach that required radical rethinking to explode the status quo, attack complexity, and set seemingly unrealistic goals. Elon Musk at Tesla called this five-step framework “The Algorithm.”   1. Question every requirement – “Question everything—from produ...

Five Essential Principles For Sustaining Growth Through Innovation

Even though many companies strive for innovation, most struggle to achieve meaningful change. The largest reason for this disconnect? Playing it safe. Leaders and organizations want to implement new ideas, but too often they are held back by the fear of failure, even though setbacks are intrinsic to the innovation process. In the new book, No Fear, No Failure , by Lorraine H. Marchand (with John Hanc), readers will learn how to overcome the status quo that stifles creative thinking and how to create a culture that encourages innovation. Marchand provides a framework for sustained growth built on the “ 5 Cs ”:   Customer First Culture Collaboration Change Chance   She draws on more than 120 interviews with leaders across industries, real-world case studies, and her firsthand experience and shares step-by-step, field-tested strategies, tactics, and tools that practitioners can use to embed creativity within organizational cultures. Marchand is a former Big Tech and Big Pharma ex...

How To Achieve Real Optimism Even When Life Is Hard

  “Optimism is not about believing that everything will turn out the way you want it; that everything will go according to plan, or that positive thinking about the future can stave off disaster. It’s about accepting that life is hard—sometimes really hard—but it always has something to teach us,” explains Dr. Deepika Chopra , author of the new book, The Power Of Real Optimism: A Practical, Science Based Guide To Staying Resilient, Curious, And Open Even When Lie Is Hard . She adds, “If we can stay open to those lessons, we will survive.”  Why should we strive to become more optimistic? “Because, simply put, optimism improves our mental and physical health and makes us more able to face whatever life has in store while staying committed to our goals and values,” shares Dr. Chopra.  In this fresh, science-backed debut, professional psychologist and media expert Dr. Chopra shows us how to build the kind of optimism that can actually withstand real life. The book offe...

How To Create More Human Workplaces By Tackling Hidden Patterns

Most organizational change initiatives fail because they treat symptoms, not systems. Real transformation happens when you see and redesign the hidden patterns driving how work actually works.  “Hidden Patterns prioritize principles over procedures. Each pattern is a tested, fundamental idea, not a formula,” explains Clay Parker Jones , author of the new book, Hidden Patterns, A Playbook For More Human Workplaces . Based on behavioral science and real-world case studies, the book identifies 75 common organizational problems , the core solutions to each, and connected patterns to link sustainable improvements.   “If the examples or templates don’t seem immediately relevant, that’s fine,” shares Jones. “The core principle is what matters. Take the idea, apply it flexibly, and test it out. Make it your own.”  “In the book, you’ll find patterns that lay groundwork for healthier, more humane workplaces rather than prescriptive tactics masquerading as guaranteed quick fixes.” J...

Teach An Employee Something New Today

Take the opportunity today to teach an employee something new. Nearly everyone likes to learn and is capable of tackling a new challenge. Teach your employee something that expands their current job description. Teach something that will help them to get promoted within your organization at a later date. Teach them a skill that uses new technology. Or teach them something that will allow them to be a more skilled leader and manager in the future. You can even teach something that you no longer need to be doing in your position, but that will be a rewarding challenge/task for your employee. The  benefit  to your employee is obvious. The benefit to you is you'll have a more skilled team member who is capable of handling more work that can help you to grow your business and/or make it run more efficiently. Be a leader who teaches.

Best Reasons For Doing Employee Exit Interviews

Don't be the guy in the picture when an employee leaves your company. Instead, conduct exit interviews and surveys. Leigh Branham  explains in his book,  The 7 Hidden Reasons Employees Leave , what the most favorable conditions are for conducting the interviews and surveys. And, if you need convincing to read the book, take a look at these 11 best reasons for listening and gathering the data when an employee leaves : Bringing any "push-factor" root-cause reasons for leaving to the surface. Alerting the organization to specific issues to be addressed. Giving the employee a chance to vent and gain a sense of closure. Giving the employee the opportunity to provide information that may help colleagues left behind. Providing information about competitors and their practices. Comparing information given with the results of past surveys and employee data. Detecting patterns and changes by year or by quarter. Obtaining information to help improve recruiting. Possibly heading off ...

10 Quotes From The 5 Levels Of Leadership -- John C. Maxwell

Soon I'll post my full review of John C. Maxwell's latest book, The 5 Levels of Leadership .  In the meantime, here are some of my favorites quotes from the book that I believe should become a must-read book by any workplace/organizational leader: Good leadership isn't about advancing yourself.  It's about advancing your team. Leaders become great, not because of their power, but because of their ability to empower others. Leadership is action, not position. When people feel liked, cared for, included, valued, and trusted, they begin to work together with their leader and each other. If you have integrity with people, you develop trust.  The more trust you develop, the stronger the relationship becomes.  In times of difficulty, relationships are a shelter.  In times of opportunity, they are a launching pad. Good leaders must embrace both care and candor. People buy into the leader, then the vision. Bringing out the best in a person is often a catal...

How To Play Bigger And Be A Category King In Business

"The most exciting companies create. They give us new ways of living, thinking, or doing business, many times solving a problem we didn't know we had -- or a problem we didn't pay attention to because we never thought there was another way," explain the four authors of the dynamic new book,  Play Bigger . They add that, "the most exciting companies sell us different. They introduce the world to a new category of product or service." And, they become  category kings . Examples of category kings are Amazon, Salesforce, Uber and IKEA. Play Bigger  is all about the strategy that builds category kings. And, to be a category king you need to be good at  category design : Category design is the discipline of creating and developing a new market category, and conditioning the market so it will demand your solution and crown your company as its king. Category design is the opposite of "build it and they will come." Key traits of category design...

How To Be A More Human Leader

“To be most effective in today’s environment, leaders must be  human  leaders. Human leaders must be able to lead not only with their heads but also with their hearts and souls,” says veteran executive coach  Hortense le Gentil , author of the book,  The Unlocked Leader: Dare to Free Your Own Voice, Lead with Empathy, and Shine Your Light in the World .  She adds, “In addition to being respected, seen, and valued, employees also seek leaders who feel human, not distant and perfect beings with whom they can’t connect.”  Additionally, leaders need to put the collective interest before their own and work hard to make other people’s good ideas happen.  “And although the book focuses on leadership at work, each of us is a complete individual, not a sum of separate, isolated parts. As such, the process presented in the book applies to all areas of your life,” shares the author.  She further explains that becoming a human leader is a journey, not a desti...